eBay announces first-quarter revenue

eBay reported a first-quarter revenue of $1.03 billion, 36 percent higher than the $756.2 million revenue in last year's first-quarter.

Analysts expected the company to earn between $1.02 billion and $1.06 billion.

EBay shares rose 94 cents, or 2.9 percent, to close at $33.11 Wednesday on the Nasdaq Stock Market before the earnings were released. In after-hours trading, the shares -- which had a two-for-one stock split in February -- rose 27 cents to $33.38.

The online auction giant expects an annual revenue between $4.27 billion and $4.36 billion. Prospects for the second quarter are between $1.03 billion to $1.05 billion.